Working Life

   Happy Days are here again, folks–uh, for the corporate bottom line. The people: not so much. Profits are up big time: While the U.S. economy staggers through one of its slowest recoveries since the Great Depression, American companies are poised to report strong earnings for the second quarter—exposing a dichotomy between corporate performance and […]

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   Math is a pretty simple thing–except if you are an elected member of Congress engaging in misdirection, blaming the wrong people and a healthy dose of cognitive dissonance (which requires that you reconcile conflicting realities by blaming, justifying or denying the truth). Which brings us to: why do we have deficits? Well, at least […]

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     A crisis is a great time for the richest in the world. When you have a lot of money, it’s a buy, buy, buy atmosphere where you can make even more money from distressed assets or countries like Greece, who are forced by the financial mandarins into a "fire sale" of national assets to […]

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    A thought crossed my mind reading today’s Wall Street Journal, and I offer this thought to the vice-president: if you have the choice of continuing the entirely pointless exercise of fanning the flames of the phony debt and deficit "crisis" VERSUS fulfilling the more traditional daily role of vice presidents who are sent to […]

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   It’s one thing for progressive economists and activists to see the emptiness and complete foolishness of Tim Pawlenty’s "economic plan". It’s another thing for perhaps the globe’s leading financial newspaper to dismiss it as something that is "difficult to describe without seeming to parody it." But, The Financial Times Clive Crook makes a valiant […]

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    Ten years ago, the plundering of the nation’s wealth got a boost of legislative steroids when George W. Bush signed his tax cuts into law. It was pure insanity, at least if you believe in a country of fairness. But, aside from the economic and social wreckage left by these immoral tax cuts, what […]

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    Yesterday, Bill Clinton foolishly called on the country to use the bank robber Willie Sutton’s maxim to address the debt "crisis" (which, in my opinion, is a phony crisis) by going where the money is. Foolish because Clinton pointed the finger at entitlements. But, the real place where the money is lies with […]

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    It is easy if you are a billionaire to get attention. You spend a ton of money on some idea–even it’s sheer lunacy–and you can buy attention. Donald Trump did it–but his  "pursuit" of the presidency was just another comical vanity play in his comical life. Pete Peterson is another story–and the outcome of […]

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    Tomorrow, Peter Peterson is going to hold another one of his dumb national "fiscal summits" to further fan the flames of the phony debt and deficit "crisis"–a non-existent crisis that covers up the bigger problem of the widening divide between rich and poor. Since people want to talk about saving money, let’s start by […]

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    Ha! You wonder, why I would praise one of the people most determined to destroy a decent government? Because he may have single-handidly cratered the idiotic "Gang of Six". So, for that, he deserves praise.    The whole premise of the "Gang of Six"–Democratic Sens. Mark Warner, Dick Durbin and Kent Conrad and Republican […]

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